The service sector breathed back into life during October. The PSI for September was 57.4.
Economy & Tax
Holding on – PMI
NZ’s manufacturing sector returned to a minor level of expansion in October, although the sector remains in a flat state. The seasonally adjusted PMI for October was 50.5.
A red start to Spring – PSI
The service sector fell into technical contraction for the first time since mid-2010, with a seasonally adjusted PSI for September at 49.6.
Stuck in a rut – PMI
Despite a slight improvement from the previous month, NZ’s manufacturing sector remained stubbornly in contraction during September, with a seasonally adjusted PMI for September at 48.2.
Starting-out wage will benefit NZ economy, communities
A starting-out wage will help get more young people into jobs, says BusinessNZ.
Skills essential for competitiveness
A competitive economy depends on many factors, and the Government’s business growth agenda is systematically addressing the key ones to boost NZ’s competitiveness, says BusinessNZ.
Subdued, uncertain economy
Official and unofficial data show a subdued New Zealand economy in the BusinessNZ Planning Forecast.
Trans-Tasman work valuable but double taxation still a problem
BusinessNZ has welcomed the interim report by the Productivity Commissions of Australia and NZ on strengthening Trans-Tasman economic relations.
Dead even – PSI
The service sector was in a complete holding pattern in August, with a PSI for August at 50.0.
August angst – PMI
NZ’s manufacturing sector fell further in contraction during August, with a seasonally adjusted PMI for August at 47.2.
New Zealand competitiveness rising
This year’s Global Competitiveness Index gives valuable feedback for New Zealand’s quest for competitiveness, says BusinessNZ.
Boost to trans-Tasman economies if double taxation removed
Earnings, investment and saving would be boosted in Australia and NZ if double-taxation of dividends was removed, the Australia NZ Leadership Forum says.